Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Solved! Go to Solution.
In August of 2018 a Federal Judge in Austin overturned that law for Texas. It made it all the way to the Supreme Court, they kicked it back down to the State and the judge overturned it claiming it was unconstitutional.
In August of 2018 a Federal Judge in Austin overturned this law. The case made it all the way to the Supreme Court. who kicked it back down to the state. At that point the judge overturned it saying it was unconstitutional.
Creating a separate line item places the amount into sales income on the P & L. Do you know how to avoid this?
Hi bvindas,
We can change the affected account for the charge item. Let's make sure it's not an income account. You can follow these steps on how to change it:
If it's your expense, you'll want to change it to an Expense account. Additionally, I'd recommend to seek help from an accounting experts. They can guide you on how to handle credit card processing fees and the proper way to record it. They can also advise you on what account should be use.
I'll be glad to work with you again.
What account should it be changed to?
Not Solved. Not sure why Rustler's reply got voted best answer when he doesn't even directly answer the question. Creating another charge item on the invoice for the CC fee simply means you will be charged a CC fee for the CC fee you put on the invoice. Plus, as a business owner I do not know how my clients are going to pay, and it may be different month to month, that is why we have options on invoices so putting a CC fee directly on the invoices is not practical. It should be added in after the fact in the merchant service account when the customer chooses to pay with a Credit Card. Intuit takes their fee and deposits the full invoice amount in the desired linked account.
Hi there, @APL.
Great to see you here in this conversation. I can see your post similar to this. Please refer to my answer on your post on this thread: Re: How do I add the credit card processing fee to an invoice without being charged the processin...
Don't hesitate to visit again if you have additional questions. We're always glad to help.
That's strange. Here in Florida, any time you deal with a Government office (DMV, City Hall, etc.), there is a sign that states there is a surcharge for using a credit card. Hmmm. I guess it's the old do as we say, not as we do, rule. The fix is simple. Increase the cost of your product by 2.5% to 3.0% for EVERYONE, then offer a discount if they use a debit card, ACH, Zelle, Etc., where I assume there are minimal fees.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here